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Stock impact report

Capital One Reports First Quarter 2020 Net Loss of $1.3 billion, or $3.10 per share

Capital One Financial Corporation (COF) 
Last capital one financial corporation earnings: 4/23 04:05 pm Check Earnings Report
Company Research Source: PR Newswire
MCLEAN, Va., April 23, 2020 /PRNewswire/ -- Capital One Financial Corporation (NYSE: COF) today announced net loss for the first quarter of 2020 of $1.3 billion, or $3.10 per diluted common share, compared with net income of $1.2 billion, or $2.25 per diluted common share in the fourth quarter of 2019, and with net income of $1.4 billion, or $2.86 per diluted common share in the first quarter of 2019. Excluding adjusting items, net loss for the first quarter of 2020 was $3.02 per diluted common share(1)."In the first quarter, Capital One rapidly mobilized to respond to COVID-19 and the disruption it is causing, with a focus on our associates, our customers, and our communities," said Richard D. Fairbank, Founder, Chairman and Chief Executive Officer. "We are well positioned to navigate and manage through these uncertain times, and to emerge with strength on the other side."Adjusting items in the first quarter of 2020, which are excluded from diluted earnings per share (EPS), efficienc Show less Read more
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